Wygodny Duet

Wygodny Duet is a unique offer which enables you to accumulate funds for execution of long-term plans, receive insurance protection as well as use attractive 3-month term deposit.

You may use Wygodny Duet paying from 20 000 PLN of funds in the following proportion:

  • 50% of funds allocated to 3-month deposit with attractive interest rate,
  • 50% of funds allocated to Wygodny Portfel Investment Programme, which combines individual life insurance with an option to invest the paid premiums into insurance capital funds (UFK).

Wygodny Duet is available in the Bank’s branches.

Term deposit

Attractive fixed interest rate for 3-month term deposit – 3,50% per year.

The deposit opened as part of Wygodny Duet product is unrenewable.

No interest in case of termination of the deposit before expiry of the contractual period.

In case of withdrawal from Wygodny Portfel Investment Programme agreement within 30 days from the day of its conclusion or total repurchase of funds from Wygodny Portfel Investment Programme within the term of the deposit, the interest rate for the deposit will be reduced to 1,00% for the entire term of the deposit.

Wygodny Portfel Investment Programme

Wygodny Portfel Investment Programme combines individual life insurance with an option to invest the paid premiums into insurance capital funds (UFK).

The policy provides basic cover, comprising death of the insured as well as death in result of an accident. This cover can be extended by as follows:

  • In the event of death
  • In the event of death in result of an accident,

Which increases the sum insured.

The offer is targeted at persons aged 18 – 70 and does not require a medical examination.

In the investment part we offer four model portfolios with diversified yield and risk potential:

  • They permit capital to be grown effectively,
  • They comprise selected funds, picked by experts on the basis of thorough investment analyses, historical data and preferences of investors,
  • A team of experts managing the portfolios invests in Polish market and global market funds, selecting from among over 350 funds managed by more than 10 leading investment companies,
  • Composition of the portfolios is monitored daily, while the managers decide about share and changes of the mutual funds in the portfolios, reacting promptly i.a. to significant changes on financial markets,
  • The possibility to adjust strategy to the planned investment duration, accepted risk and expected gains,
  • At least 45% and not more than 60% assets of the model portfolios are invested in selected Millennium TFI SA funds.

More information on Wygodny Portfel Investment Programme.

Interest rates

The term deposit part

Deposit Interest rate
3-month deposit 3.50% per annum

The Wygodny Portfel Investment Programme is individual life insurance with the possibility to invest the paid premiums in insurance equity funds. The product combines insurance cover with the opportunity to accumulate and grow money.

Insurance equity funds are a stand-alone and separately investment part of the assets of a life insurance company. In case of the majority of insurance equity funds the assets are invested in units of mutual funds or in participation titles. An investment in unit-linked products involve higher cost and risks concerning the insurance products. It should be remembered in particular that an investment in a policy involves additional costs and fees concerning insurance policies.
Insurance equity funds may be offered as individual funds or as model funds, the assets of which are invested in participation titles and/or investment certificates of more than one mutual funds.
An insurance agreement is a long-term product; the suggested investment period depends on the selected strategy of the funds and the period of collecting liquidation payments.



A detailed description of all risks, associated with investing in unit-linked products, is contained in the document "Description of Risk Associated with Financial Instruments and Products for Private Persons in Bank Millennium S.A.", which is available in branches and on the Bank's website at www.bankmillennium.pl.

The detailed terms and conditions of the insurance as well as costs and risks associated with it, as well as information about limitation of the insurer's liability and operating rules and investment strategy of Insurance Equity Funds are stipulated in the Terms & Conditions of Wygodny Portfel Investment Programme Insurance, presented to the Customer before signing the insurance agreement, which are available in Bank Millennium branches, on the website of Bank Millennium and in the offices of the Insurer.

Liquidity risk – Disbursement of funds within first 4 years of the insurance agreement term is subject to distribution fee in accordance with the General Conditions of Insurance.

Investment risk – Insurance capital funds does not guarantee achievement of pre-defined investment objective nor a specific investment yield. Single premium life insurance is subject to an investment risk, no guarantee of paid in capital or a risk of loss of a part or whole amount of funds invested.

Risk of insurer bankruptcy – In case of bankruptcy or enforced liquidation of an insurer, if claims by eligible persons cannot be satisfied from assets constituting coverage of technical and insurance reserves, such claims must be satisfied by the Insurance Guarantee Fund in keeping with provisions of the Act on mandatory insurance, Insurance Guarantee Fund and the Polish Office of Transport Insurers of 22 May 2003 (J.L. No. 24, item 1152 as later amended).

In case of insurer's bankruptcy, the Insurance Guarantee Fund guarantees benefits to the amount of 50% of receivables, to the amount not exceeding the equivalent in PLN of 30 000 EUR as converted at the average NBP FX rate as on the date of announcement of the bankruptcy, dismissal of filing for  bankruptcy or discontinuation of bankruptcy proceedings or as on the date of decision on the forced bankruptcy proceedings.

Other risks: 

  • Sector risk
  • Risk of short-term price changes,
  • FX risk,
  • TAX risk
  • Legal risk,
  • Settlement risk,
  • Market risk,
  • Interest rate risk,
  • Risk associated with solvency of the insurance company,
  • Risk associated with concentration of assets or markets,
  • Product complexity.

Any information contained in this COMMERCIAL PUBLICATION has merely an informative nature and does not constitute an offer or recommendation or an invitation directed to anyone (or to any group of persons) to conclude a transaction on financial instruments presented in it. In particular, information contained in this publication does not constitute an offer within the meaning of the Act of 23 April 1964 - Civil Code and is not a service of investment, financial, tax, legal or any other advice. Any investment decision should be taken on the basis of information contained in the General Terms of Insurance, and not on the basis of a short description contained in this publication. The General Terms of Insurance are available from the Bank’s outlet and from www.bankmillennium.pl.

This publication contains the position of Bank Millennium SA („Bank”) expressed on the basis of own assessment of the facts important for the Bank and suitable provisions of law. The Bank assures that it exercised due diligence to make the information included in this publication fair and true, and based on authoritative sources, but it cannot guarantee the fairness, completeness or current nature of information obtained from sources from outside the Bank. The Bank shall not be responsible for financial consequences of the client’s performing of a transaction on financial instruments described in this publication. At the same time the Bank reserves the possibility of changes both in the form and content of this publication, at any time and without notice. The investment in Program Inwestycyjny Wygodny Portfel is not covered by the guarantee by the Bank Guarantee Fund.

The risk of using information included in this publication, especially for taking investment decisions on its basis, shall be borne exclusively by its recipient.

Investments into insurance of an investment nature are connected with risk presented in detail in the „Description of the risk connected with financial instruments and products at Bank Millennium S.A.”, available from the branches and on the Bank’s www.bankmillennium.pl website. Anyone who buys a financial instrument assumes and bears liability under tax obligations resulting from binding regulations. In view of the above risks and circumstances the Bank’s clients should have the necessary knowledge and experience in order to assess the character of every considered financial transaction and risk connected with it. Should there be any doubts, the Clients should use the services of a tax, legal or investment advisor. The Bank shall transfer all the additional information for which the client reasonably applied in order to enable to him the assessment of risk and nature of the transaction.

The Client’s conclusion of a transaction on instruments and financial products is the basis for recognising that the Client has familiarised himself with the conditions of the transaction and related risks and accepted them.

The dissemination and distribution of certain instruments or financial products and trading in them can be subject to restrictions with respect to certain persons and states, in accordance with appropriate legislation. The offering of financial instruments and trading in them can be performed only in compliance with appropriate legal regulations.

Investing in Insurance Capital Funds is connected with the risk of incurring a loss, also with the obligation of paying fees and the income tax. Funds do not guarantee the achievement of the investment objective or a specific investment outcome.

Information pertaining to the insurance intermediary obligatorily transferred by the Bank on the basis of art. 4a of the Act of 22 May 2003 about insurance mediation (Dz. U. no 124, item. 1154, as later amended) is available at the Bank’s branches or on the www.bankmillennium.pl website.

In the event of declaring bankruptcy of the insurance company or dismissing a petition for bankruptcy of the insurance company or cancellation of bankruptcy proceedings, or if the assets of the debtor are obviously insufficient even for meeting the costs of bankruptcy proceedings or in the case of ordering a compulsory liquidation of the insurance company, if the claims of authorised persons cannot be covered out of assets constituting the coverage of technical-insurance reserves, the coverage of claims of the persons eligible under life insurance agreements belongs to the tasks of the Insurance Guarantee Fund upon the principles and terms specified in the Act of 22 May 2003 on Obligatory Insurance, Insurance Guarantee Fund and Polish Transport Insurers Office (Dz. U. of 2013 item. 392 as later amended). The Insurance Guarantee Fund guarantees benefits up to the level of 50% of the receivable, up to the amount no bigger than the zloty equivalent of 30 000 euros according to the average rate published by the NBP, as of the day of declaring bankruptcy, dismissing a petition for bankruptcy or cancelling a bankruptcy procedure or on the day of ordering compulsory liquidation.

Funds deposited on accounts in the Bank, the total value of which funds does not exceed the equivalent of EUR 100,000, irrespective of the number of accounts held in the Bank, are protected by Banking Guarantee Fund, in keeping with the Act of 10 June 2016 on Banking Guarantee Fund, system of protection of deposits and compulsory restructuring (Journal of Laws2016.996). Eligible for protection are deposits and receivables of entities indicated in art. 20 of the a/m Act. Meanwhile funds invested in Program Inwestycyjny Wygodny Portfel insurance are not protected by Banking Guarantee Fund.

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